General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
IF there is ANY chance that we could go Chap 11 AFTER Oct 17th, I would rather us enter PRIOR to Oct 17th. Look at United. They have NO plan, and they just asked for another extension. Granted. They have been in Chap 11 for 32 months, and they are waiting it out. Also, it is better to go in when you have enough cash to get out. We have about $2 billion in cash, and a lot of that may have to go to the lawyers. We seem to have a plan at Delta, but we were late in implementing it. I am sure there will be some pay cuts, and maybe some scope changes. And, maybe, a merger.
Bye Bye--General Lee
Bye Bye--General Lee